The NAACP remains committed to fostering economic growth and sustainability for Black communities. This is what advocacy in action looks like.” Since its inception four years ago, the grant has provided over $750,000 in business grants to Black entrepreneurs and small business owners nationwide. ...
You may want to get your business certified as a minority-owned business. While you can still apply for ordinary grants and loans, there are a variety of different programs and initiatives that work to help small business owners in underserved communities. Look into the available programs and se...
The money can be used by banks to offer grants, loans or loan forbearances to minority-owned businesses and struggling individuals. The first round of funding will be released this summer, the Treasury official said. Banks of color, specifically Black-managed ones, have struggled in recent histo...
» MORE: Loans and grants for Native American business owners Getting minority-owned business certification 1. Consider your business’s needs There are multiple reasons to consider getting certified as a minority-owned business, including access to capital, winning exclusive contracts or free resour...
When seeking affordable small business loans, minority entrepreneurs often struggle more than non-minority owners to secure the funding they need. Luckily, there are many small business grants and other financial resources to help bridge this gap, including: ...
Native Initiativesis a CDFI that grants access to credit, capital and financial services to help Native Communities thrive and grow. TheBusiness Center for New Americansis a CDFI that offers loans from $5,000 to $50,000 specifically to immigrants, refugees, women and other minority entrepreneurs...
Minority-owned businesses are on the rise. Over the past twenty years the United States has seen steady growth in the number of businesses owned by minorities of all sorts. The African-American, Hispanic, Asian, and Native American communities all saw si
Bank of America today announced the launch of a Small Business Down Payment Grant Program to drive business growth and help create generational wealth opportunities for minority and women business owners.
Options for merchant, payroll, HSA and fraud solutions Apply Now Schedule an Appointment Applications for loans up to $50,000 may receive an offer in as little as one business day. Applications for loans greater than $50,000 are subject to extended review periods. (1430) ...
Minority business grants are a type of funding for minority-owned businesses, usually small businesses. Unlike loans, grants do not have to be paid back, although they are generally considered by the Internal Revenue Service (IRS) to betaxablebusiness income.1 In the United States, minority busi...